China’s exports tumbled 12.4% in June, including a 24% drop in shipments to the U.S. (WSJ)
U.S. consumer prices rose 0.2% from May to June and were up 3% on an annual basis. (WSJ)
Mergers-and-acquisitions deal-making has slumped badly from pandemic highs. (WSJ)
U.S. textile and apparel imports fell at a double-digit pace in May, including declines of more than 30% from India, Pakistan, Bangladesh and Vietnam. (Sourcing Journal)
India’s Godrej Aerospace is in talks to build aircraft parts for suppliers to jet makers Airbus and Boeing. (Reuters)
LG Electronics expects to double its revenue from automotive components by 2030 to about $15.6 billion. (Nikkei Asia)
Canada’s Labor minister stepped in to the negotiations aimed at ending a strike by longshore workers at British Columbia ports. (CBC)
Unionized dockworkers at U.S. West Coast ports are refusing to handle container ships diverted from strike-hit Canadian terminals. (Port Technology)
An official report on the Ever Given incident cites erratic actions by Suez Canal pilots as a major cause of the container ship’s grounding in 2021. (Maritime Executive)
Global piracy and armed robbery attacks against commercial shipping increased about 12% in the first half of 2023 over the same period last year. (Splash 247)
Zim lowered its financial guidance for the year to include a projected operating loss. (The Loadstar)
Several states have passed laws backed by the trucking industry that make it harder to sue trucking companies for road accidents. (Pro Publica)
U.S. regulators will investigate whether freight rail operations are interfering with Amtrak service between New Orleans and Los Angeles. (Progressive Railroading)
Perishables supply chain platform Silo raised $32 million in a Series C funding round. (TechCrunch)
Candy maker Theo Chocolate is merging with minority shareholder American Licorice and outsourcing its manufacturing. (Supply Chain Dive)
Officials suspect a large warehouse planned for outside Phoenix to include hazardous materials and code-named Project Thunderbird is tied to Amazon. (Business Journals)
Some restaurants in Hawaii are adding a 10% “supply chain adjustment” fee to diners’ bills. (KHON)
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